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Canadian Geothermal Startup Company "Eavor"

Overview of the business
Corporate Name	Eavor Technologies Inc. (Eavor)
Overview	A Canadian global startup company that leads the world in research and development of closed loop geothermal technology *, with the aim of full commercialization The technology involves circulating water in a closed loop underground to extract heat efficiently even in areas where hot water or steam cannot be sufficiently produced through conventional geothermal development. Therefore, this geothermal technology can be applied to development in a wide range of areas, and it avoids the risk of project development problems due to a shortage of hot water or steam underground. Geothermal power generation using this technology can function not only as a base load operation but also as a dispatchable (load-following & balancing) power source. Eavor holds numerous relevant and necessary patents and has successfully demonstrated this technology in Alberta, Canada, building a project in 2019-2020.

Overview of the business

Corporate
Name

Eavor Technologies Inc. (Eavor)

Overview

A Canadian global startup company that leads the world in research and development of closed loop geothermal technology *, with the aim of full commercialization

The technology involves circulating water in a closed loop underground to extract heat efficiently even in areas where hot water or steam cannot be sufficiently produced through conventional geothermal development. Therefore, this geothermal technology can be applied to development in a wide range of areas, and it avoids the risk of project development problems due to a shortage of hot water or steam underground.
Geothermal power generation using this technology can function not only as a base load operation but also as a dispatchable (load-following & balancing) power source.
Eavor holds numerous relevant and necessary patents and has successfully demonstrated this technology in Alberta, Canada, building a project in 2019-2020.

* "Eavor's geothermal heat utilization technology" uses water to extract underground heat by drilling a network of loops connecting the surface to thousands of meters below the ground, and circulating water in the closed-loop.

Eavor's closed loop geothermal technology